CIE Automotive Reports 21% Increase in Q1 Profit, Shares Rise
CIE Automotive rises after Q1 PAT jumps 21% YoY to Rs 249 cr
Business Standard
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CIE Automotive India shares increased by 1.63% to ₹476.30 following a 20.82% rise in consolidated net profit to ₹249.37 crore for Q1 CY26. Revenue also saw a 14.93% increase, reaching ₹2,611.95 crore compared to the previous year, driven by strong performance in both India and Europe.
- 01Consolidated net profit rose by 20.82% to ₹249.37 crore.
- 02Revenue from operations increased by 14.93% to ₹2,611.95 crore.
- 03Profit before tax jumped 20.08% to ₹327.83 crore.
- 04Total expenditure increased by 13.62% to ₹2,313.53 crore.
- 05Final dividend of ₹7 per share recommended for the financial year ending December 31, 2025.
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CIE Automotive India experienced a 20.82% increase in consolidated net profit, reaching ₹249.37 crore in Q1 CY26, compared to the same period last year. Revenue from operations also rose by 14.93%, totaling ₹2,611.95 crore. The profit before tax saw a significant jump of 20.08% to ₹327.83 crore. Total expenditure for the quarter was ₹2,313.53 crore, marking a 13.62% increase year-on-year, attributed to higher employee costs and other expenses. Notably, revenue from India increased by 13.45% to ₹1,663.53 crore, while European revenue surged 17.56% to ₹948.53 crore. The company’s board has recommended a final dividend of ₹7 per share for the financial year ending December 31, 2025. CIE Automotive, a subsidiary of CIE Automotive S.A. in Spain, specializes in manufacturing automotive components for original equipment manufacturers and other clients.
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The rise in profit and revenue indicates robust demand for automotive components, which may lead to increased job security and potential hiring in the sector.
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